France's President Hollande and German Chancellor Merkel (Photo: Reuters) European Union (EU) leaders Angela Merkel and Francois Hollande are expected to refuse concessions or any leeway on Greece bringing in austerity measures in exchange for emergency bailout funds after Greek prime minister Antonis Samaras pleaded for more breathing space. In scheduled talks in Athens, EU leaders were widely expected to tell Samaras that despite his pleas they will not grant more time for the country to meet the terms of the bailout agreement
Top After-Market Nasdaq Movers (Hain Celestial, Pacific Sunwear, Synopsys, Ctrip.com, Kandi, DFC, XOMA, Kayak Software, Semtech, RF Micro Devices)
The top after-market Nasdaq gainers Wednesday were The Hain Celestial Group, Pacific Sunwear of California Inc, Synopsys Inc, Ctrip.com International Ltd and Kandi Technologies Corp. The top after-market Nasdaq losers were DFC Global Corp, XOMA Corporation, Kayak Software Corporation, Semtech Corporation and RF Micro Devices Inc. Gainers Hain Celestial Group Inc (HAIN) shares climbed 10.60 percent to $62.94 in after-hours trading Wednesday.
China 's manufacturing activity fell in August compared to that in July, according to the preliminary HSBC Flash Purchasing Managers Index (PMI) released Thursday. The preliminary reading of the PMI, a measure of the nationwide manufacturing activity, declined to 47.8 in August, which is a nine-month low, compared to 49.3 in July
Westpac Bank, one of the big four which used to defy Reserve Bank of Australia (RBA) overnight cash rate policies, is recommending more interest rate cuts to boost the Australia n economy. Westpac chief economist Bill Evans said on Wednesday at the release of the Westpac-Melbourne Institute index for economic activity there is already a case for financial conditions to ease but noted that the RBA is still in a wait-and-see mode.
Are you entitled or empowered? Do you feel you are owed, or do you feel you own something? This simple choice reflects your view of the world.
Slowing global demand has hurt commodities prices over the past year (Reuters) Miners and commodities firms' profits have taken a massive hit this year as economic crises destabilise prices, drag down production and slow demand while natural disasters, geopolitical conflict and delayed projects weigh heavily on groups' balance sheets. With countries struggling to manage the eurozone sovereign debt crisis, the knock-on effect has left companies battling against dampened demand and production, as well as higher costs to keep afloat
The Congress ional Budget Office said Wednesday that the so-called fiscal cliff, the simultaneous tax hikes and government spending cuts that take effect Jan. 1, 2013, will send the U.S
Japan reported Wednesday a rise in trade deficit in July compared to the previous month with a decrease in exports and an increase in imports, raising concerns of the global economic condition. The Finance Ministry data showed that the country recorded 517.4 billion yen ($6.5 billion) trade deficit in July, down from 60.3 billion yen surplus in June
Hold onto your hats. Grab your wallet. All over the world, central planners are getting together.
It's been a rather confusing day for the Spanish government, it seems. Just as the Spanish prime minister, Mariano Rajoy, started holding out the begging bowl and asked the rest of Europe to help recapitalise its banks, Spain's economic minister Luis de Guindos came out, only a couple of hours later, saying that Spain was not seeking a bailout at all. "I have absolutely not discussed any intervention in Spain's banks today," de Guindos told reporters in Brussels. Despite his attempt at calming down the markets, speculation over how damaged the Spanish economy and its ailing bank sector is has rippled through the rest of the eurozone.